IMC’s acquisition of Altas Technologies aims for market-making advancements. | Image credit: IMC
Global market maker IMC announced on Tuesday, July 25, that it has acquired Rotterdam-based Altas Technologies, a technology and data-driven trading firm.
The value of the acquisition has not been disclosed.
With this strategic move, IMC aims to empower Altas Technologies to expand its capabilities into new markets and asset classes by leveraging IMC’s expertise and cutting-edge technology in market-making.
“Rooted firmly in our strategic vision, this acquisition accelerates our investments in large-scale data, machine learning and AI, in support of our leading market-making strategies. We will enable further growth for Altas by combining their technological capabilities with our execution and scaling capabilities,” says IMC chief trading officer Michiel Knoers.
Altas is a research, technology, and trading firm that specialises in building robust, fully automated, high-throughput systems for market predictions and trades.
“As a technology and data-driven firm, we design and build cutting-edge systems, from high-performance trading platforms to large-scale data analysis and computation infrastructure. This partnership with IMC will help us to run on more markets at lower cost and allow us to focus on expanding our capabilities into new markets,” says Krishna Vyas, co-founder of Altas Technologies.
The acquisition marks an exciting development for both IMC and Altas Technologies, promising a stronger future in the world of technology-driven trading and market-making.
Promising synergy
Altas Technologies, a rapidly growing research and technology firm, is backed by founders of leading algorithmic trading houses and exchanges. With a strong focus on cutting-edge technology and data-driven solutions, Altas Technologies continuously seeks exceptional problem solvers to co-create the future of trading.
Meanwhile, IMC has been a prominent global market maker for over three decades, providing liquidity to financial markets worldwide. Focusing in algorithmic trading and advanced technology, IMC’s strategic moves include various successful equity rounds and investments, supporting innovative market operators and independent prime brokers.
The company is also renowned for delivering optimal value and risk outcomes for investors, as well as for its commitment to investing in competitive and innovative trading technologies. In 2023, prior to the acquisition of Atlas Technologies, the company made several other strategic moves, including taking part in MEMX’s strategic equity round of funding and providing a strategic investment to Clear Street, an independent prime broker based in New York.
The firm also introduced “Prosperity,” a new global challenge for students worldwide to bring prosperity to their virtual island through trading.
The collaboration between Altas Technologies and IMC promises a powerful combination of Altas Technologies’ expertise in automated systems for predicting and trading on financial markets and IMC’s extensive experience as a leading global market maker specialising in algorithmic trading.
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